|
Report Date : |
07.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
NILKAMAL LIMITED (w.e.f. 16.10.2006) ATHOME A DIVISION OF NILKAMAL LIMITED |
|
|
|
|
Formerly Known
As : |
NILKAMAL PLASTICS LIMITED |
|
|
|
|
Registered Office
: |
Survey No. 354/2 and 354/3, Near Rakholi Bridge, Silvassa Khanvel
Road, Village Vasona, Union Territory of Dadra and Nagar Haveli - 396230,
Silvassa |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of Incorporation
: |
05.12.1985 |
|
|
|
|
Com. Reg. No.: |
54-000162 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.149.225 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
L25209DN1985PLC000162 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
MUMN07184C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACN2329N |
|
|
|
|
Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
|
|
|
|
Line of Business
: |
Manufacturing of Moulded Plastic Chairs. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
A (59) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
Maximum Credit Limit : |
USD 17160000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having good track record. Overall financial position of the company appears to be strong and
healthy. Trade relations are reported to be fair. Business is active. Payment
terms are reported to be regular and as per commitment. The company can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
INDIAN ECONOMIC OVERVIEW
The current downturn
provides an opportunity to push ahead with reforms to accelerate growth, says
the latest India Development Update report released by the World Bank. The
report says that the adverse effects of rupee depreciation are likely to be
offset by the gains in the exports performance due to improved external
competitiveness. Since May this year, the local currency has depreciated
substantially and fell to a record level of Rs 68.85 to a dollar on August, 28.
A stagflation like situation
appears to have arisen as inflation jumped to an eight month high of 6.46 % for
the month of September. It is up from 6.10 % in August. Growth continues to be
muted with factory output plunging to 0.6 % in August. Onion prices have
risen nearly 300 % from last September. Vegetables cost nearly 90 % more than
they did last year. Wake up to the economic contribution of slum dwellers. They
contribute more than 7.5 % to the country’s gross domestic product, according
to a recent study conducted in 50 top cities.
136000 estimated
number of jobs created during the second quarter of the current financial year.
50000 estimated number of additional jobs in the field of corporate social
responsibility in the coming years.
The International
Finance Corporation expects to come out with its rupee linked bonds issue
before the end of 2013 as a part of its plan to raise $ 1 billion. The Apple
iPhone 5c (Rs 41900 for 16 GB variant) and 5s (Rs 53500 for 16GB variant) has
been launched in India from 1st November.
The Land Acquisition
Act to provide just and fair compensation to farmers will come into force from
January 1 next year, said Rural Development Minister Jairam Ramesh. The Act
replaces a 119 year old registration. The Securities and Exchange Board of India
has approved the trading of currency futures on the Bombay Stock Exchange. The
exchange plans to launch the currency futures platform with advanced trading
technology by the end of November.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
AA- (Long Term Bank Facilities) |
|
Rating Explanation |
High credit quality and low credit risk. |
|
Date |
December 05, 2012 |
|
Rating Agency Name |
CARE |
|
Rating |
A1+ (Short Term Bank Facilities) |
|
Rating Explanation |
Very strong degree of safety and lowest
credit risk. |
|
Date |
December 05, 2012 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION DENIED BY
|
Name : |
Mr. Nivrutti Naik |
|
Designation : |
Not Divulged |
|
Contact No.: |
91-22-26818888 |
|
Date : |
07.11.2013 |
LOCATIONS
|
Registered Office and Vasona Factory : |
Survey No. 354/2 and 354/3, Near Rakholi Bridge, Silvassa Khanvel
Road, Village Vasona, Union Territory of Dadra and Nagar Haveli -396230,
Silvassa, India |
|
Tel. No.: |
91–2551–221053 / 220156 / 220552 91-260-2699082 / 2699083 |
|
Fax No.: |
91–2551–220772 91-260-2699215 |
|
Email : |
|
|
Website : |
|
|
Area : |
10000 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Corporate/ Administrative Office : |
Nilkamal House, 77/ 78, Road No. 13/14, M.I.D.C., Andheri (East),
Mumbai – 400093, Maharashtra, India |
|
Tel No.: |
91–22–28361366 / 28211172 / 28231471 / 26818888 / 26818628 |
|
Fax No.: |
91–22–28367891 / 28361923 |
|
Email : |
|
|
|
|
|
Barjora Factory : |
Plot No. 1498/2613, WBIDC, |
|
|
|
|
Hosur Factory: |
Part of Survey No.149, 151 to 153, 227/ 2K3 and 299/1,
Next to GNB Factory, Koneripalli Post, Nallaganakothapalli Village, Hosur
Taluk, Krishnageri-635117 District, Tamilnadu, India |
|
|
|
|
|
Plot No.1107, IGC, Phase – II, Samba – 184 121, |
|
|
|
|
Kharadpada Factory : |
Survey No. 389, 391, 393, 396 and 401, Naroli – Kharadpad Road, Village
: Kharadpada, Silvassa – 396230, India |
|
|
|
|
Noida Factory : |
Plot No. 26, B/C Sector No. 31, Surajpur - |
|
|
|
|
|
19/3-5, 18/1 and 21/6, Pit-Olaivaikkal Village, Koodapakam Villianoor
Road, Villianoor Taluk, Pondicherry - 605110, India |
|
|
|
|
Sinnar Factory : |
STICE, Plot No. 971/1A, Sinnar Shirdi Road, Sinnar - 422103, District
Nashik, Maharashtra, India |
DIRECTORS
As on: 15.07.2013
|
Name : |
Mr. Vamanrai Vrajlal Parekh |
|
Designation : |
Director |
|
Address : |
21, Prabhu Prem, 12th Road, JVPD Scheme, Vile Parle (West) Mumbai – 400049, Maharashtra, India |
|
Date of Birth/Age : |
05.01.1936 |
|
Date of Appointment : |
14.06.1990 |
|
PAN No.: |
AABPP7420J |
|
Voter ID No.: |
MT/08/038/279022 |
|
DIN No.: |
00037519 |
|
|
|
|
Name : |
Mr. Sharad Vrajlal Parekh |
|
Designation : |
Managing Director |
|
Address : |
Nain Basera, Plot 39, Presidency Co-Operative Society 8th Road, JVPD Scheme, Vile Parle (West), Mumbai - 400056 Maharashtra, India |
|
Date of Birth/Age : |
06.05.1945 |
|
Date of Appointment : |
14.06.1990 |
|
PAN No.: |
AABPP7423M |
|
Voter ID No.: |
MT/08/038/285250 |
|
DIN No.: |
00035747 |
|
|
|
|
Name : |
Mr. Hiten Vamanrai Parekh |
|
Designation : |
Whole-Time Director |
|
Address : |
36, Naman, 11th Road, Jai Hind Society, J.V.P.D. Scheme, Vile Parte (West), Mumbai - 400049, Maharashtra, India |
|
Date of Birth/Age : |
27.05.1963 |
|
Date of Appointment : |
09.12.1985 |
|
PAN No.: |
AABPP7421K |
|
Voter ID No.: |
MT/08/038/279421 |
|
DIN No.: |
00037550 |
|
|
|
|
Name : |
Nayan Sharad Parekh |
|
Designation : |
Whole-Time Director |
|
Address : |
Nain Basera, Plot 39, Presidency Co-Operative Society 8th
Road, JVPD Scheme, Vile Parle (West), Mumbai - 400056 Maharashtra, India |
|
Date of Birth/Age : |
08.03.1972 |
|
Date of Appointment : |
01.04.2000 |
|
PAN No.: |
AAFPP8628N |
|
Voter ID No.: |
MT/08/038/285342 |
|
DIN No.: |
00037597 |
|
|
|
|
Name : |
Mr. Manish Vamanrai Parekh |
|
Designation : |
Whole-Time Director |
|
Address : |
21, Prabhu Prem, 12th Road, JVPD Scheme, Vile Parle (West)
Mumbai – 400049, Maharashtra, India |
|
Date of Birth/Age : |
04.02.1969 |
|
Date of Appointment : |
01.04.2000 |
|
Voter ID No.: |
MT/08/038/0279603 |
|
DIN No.: |
00037724 |
|
|
|
|
Name : |
Mr. Mahendra Vasantrai Doshi |
|
Designation : |
Director |
|
Address : |
Sea Glimpse, Flat No. 11, 5th Floor, Worli, Mumbai –
400018, Maharashtra, India |
|
Date of Birth/Age : |
29.11.1949 |
|
Date of Appointment : |
03.12.1990 |
|
Voter ID No.: |
MT/05/029/024539 |
|
DIN No.: |
00123243 |
|
|
|
|
Name : |
Dadi Bejonji Engineer |
|
Designation : |
Director |
|
Address : |
Flat No. 4, 1st Floor, Shiv Shanti Bhavan, (Opposite The Oval), Mumbai – 400020, Maharashtra, India |
|
Date of Birth/Age : |
02.05.1933 |
|
Date of Appointment : |
31.10.2003 |
|
DIN No.: |
00047028 |
|
|
|
|
Name : |
Mr. Ramamoorthy Rajagopalan Kuttalam |
|
Designation : |
Director |
|
Address : |
42, 18th Main Road, J. P. Nagar, II Phase, Bangalore – 560078, Karnataka, India |
|
Date of Birth/Age : |
08.07.1940 |
|
Date of Appointment : |
31.10.2003 |
|
Voter ID No.: |
KT717/142/129348 |
|
DIN No.: |
00058467 |
|
|
|
|
Name : |
Sarvadaman Krishnarao Palekar |
|
Designation : |
Director |
|
Address : |
Balakrishna, 1st Floor, 16/64 Yeshwant Nagar, Goregaon (West), Mumbai – 400062, Maharashtra, India |
|
Date of Birth/Age : |
23.08.1949 |
|
Date of Appointment : |
17.04.2012 |
|
DIN No.: |
01723670 |
|
|
|
|
Name : |
Mufazzal Federal |
|
Designation : |
Director |
|
Address : |
182, 18th Floor, Kalpataru Heights, Dr. A. L Nair Road, Mumbai Central, Mumbai – 400011, Maharashtra, India |
|
Date of Birth/Age : |
16.06.1950 |
|
Date of Appointment : |
25.01.2011 |
|
Voter ID No.: |
MT/04/022/318824 |
|
DIN No.: |
03409798 |
KEY EXECUTIVES
|
Name : |
Mr. Nivrutti Naik |
|
Designation : |
Not Divulged |
|
|
|
|
Name : |
Ms.
Priti Punit Dave |
|
Designation : |
Company Secretary |
|
Address : |
202, Surbhi, S. V. Patel Road, Near Chamunda Circle, Borivali, Mumbai – 400092, Maharashtra, India |
|
Date of Birth/Age : |
06.11.1980 |
|
Date of Appointment : |
22.11.2007 |
|
PAN No.: |
ANCPP9956D |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 15.07.2013
SHAREHOLDING DETAILS FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
As on: 15.07.2013
|
Category |
|
Percentage |
|
|
|
|
|
Nationalised or other banks |
|
0.02 |
|
Mutual funds |
|
13.15 |
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
2.19 |
|
Bodies corporate |
|
20.49 |
|
Directors or relatives of directors |
|
46.50 |
|
Other top fifty shareholders |
|
8.12 |
|
Others |
|
9.53 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Moulded Plastic Chairs. |
||||||||
|
|
|
||||||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
State Bank of India, Commercial Branch, Justice G N Vaidya Marg,
Mumbai - 400023, Maharashtra, India |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors 1 : |
|
|
Name : |
Dalal
and Shah Chartered
Accountants |
|
Address : |
Mumbai, Maharashtra, India |
|
PAN No.: |
AAAFD0907D |
|
|
|
|
Auditors 2 : |
|
|
Name : |
Vora
and Associates Chartered
Accountants |
|
Address : |
Mumbai,
Maharashtra, India |
|
PAN No.: |
AACFV6555H |
|
|
|
|
Subsidiary Company
: |
· Nilkamal Eswaran Plastics Private Limited · Nilkamal Eswaran Marketing Private Limited · Nilkamal Crates and Bins, FZE. |
|
|
|
|
Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives : |
· Nilkamal Crates and Containers |
|
|
|
|
Joint Venture : |
· Nilkamal Bito Storage Systems Private Limited CIN No.: U63020MH2006PTC161327 · Cambro Nilkamal Private Limited CIN No.: U51109MH2010PTC211686 |
CAPITAL STRUCTURE
As on: 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
22000000 |
Equity Shares |
Rs.10/- each |
Rs.220.000 Millions |
|
3000000 |
Preferences Shares |
Rs.10/- each |
Rs.30.000 Millions |
|
|
|
|
|
|
|
Total
|
|
Rs.250.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
14922525 |
Equity Shares |
Rs.10/- each |
Rs.149.225 Millions |
|
|
|
|
|
a) Rights, preferences and restrictions attached to Equity Shares: The Company has only one class of equity shares having a par value of Rs. 10 per share. Each shareholder is eligible for one vote per share held. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting, except in case of interim dividend. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company after distribution of all preferential amounts, in proportion to their shareholding.
b) Details of shares
held by shareholders holding more than 5% of the aggregate shares in the
Company:
|
Name of the
Shareholder |
As at 31st March, 2013 |
|
|
|
No. of shares held |
% of Holding |
|
Nilkamal Builders Private Limited |
1464000 |
9.81% |
|
Heirloom Finance Private Limited |
912000 |
6.11% |
|
Vamanrai V. Parekh |
1795462 |
12.03% |
|
Sharad V. Parekh |
1292908 |
8.66% |
|
Hiten V. Parekh |
1139455 |
7.64% |
|
Nayan S. Parekh |
1084995 |
7.27% |
|
Reliance Capital Trustee Company Limited A/C – Reliance |
1000000 |
6.70% |
c) Reconciliation of
number of shares outstanding as on beginning and closing of the year
|
Particulars |
As at 31st March, 2013 |
|
|
|
Equity Shares |
Rs. In Millions |
|
Shares outstanding at the beginning of the year |
14922525 |
149.225 |
|
Shares Issued during the year |
- |
- |
|
Shares bought back during the year |
- |
- |
|
Shares outstanding at the end of the year |
14922525 |
149.225 |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
149.225 |
149.225 |
149.225 |
|
(b) Reserves & Surplus |
4141.848 |
3895.221 |
3408.564 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total Shareholders’
Funds (1) + (2) |
4291.073 |
4044.446 |
3557.789 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
1117.888 |
1104.248 |
706.857 |
|
(b) Deferred tax liabilities (Net) |
219.044 |
184.721 |
156.433 |
|
(c) Other long term liabilities |
323.735 |
271.628 |
0.000 |
|
(d) long-term provisions |
75.915 |
41.419 |
31.020 |
|
Total Non-current
Liabilities (3) |
1736.582 |
1602.016 |
894.310 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short term borrowings |
2425.451 |
2155.693 |
1939.798 |
|
(b) Trade payables |
942.903 |
813.227 |
632.128 |
|
(c) Other current liabilities |
684.445 |
654.463 |
850.628 |
|
(d) Short-term provisions |
188.928 |
197.127 |
157.679 |
|
Total Current
Liabilities (4) |
4241.727 |
3820.510 |
3580.233 |
|
|
|
|
|
|
TOTAL |
10269.382 |
9466.972 |
8032.332 |
|
|
|
|
|
|
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
3360.354 |
3236.483 |
2522.159 |
|
(ii) Intangible Assets |
21.840 |
35.747 |
60.334 |
|
(iii) Capital work-in-progress |
42.055 |
50.922 |
382.309 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
12.762 |
|
(b) Non-current Investments |
252.959 |
252.959 |
252.959 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
518.534 |
505.915 |
427.662 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
4195.742 |
4082.026 |
3658.185 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
3052.562 |
2729.119 |
2246.778 |
|
(c) Trade receivables |
2297.417 |
1956.913 |
1474.361 |
|
(d) Cash and cash equivalents |
244.899 |
204.563 |
257.219 |
|
(e) Short-term loans and advances |
419.638 |
423.346 |
394.308 |
|
(f) Other current assets |
59.124 |
71.005 |
1.481 |
|
Total Current
Assets |
6073.640 |
5384.946 |
4374.147 |
|
|
|
|
|
|
TOTAL |
10269.382 |
9466.972 |
8032.332 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
16106.588 |
14346.079 |
12516.978 |
|
|
|
Other Income |
32.236 |
24.820 |
39.568 |
|
|
|
TOTAL (A) |
16138.824 |
14370.899 |
12556.546 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
6369.720 |
5547.950 |
4650.894 |
|
|
|
Purchases of stock-in-trade |
4135.835 |
3526.666 |
3621.073 |
|
|
|
Changes in inventories of finished goods, work-in-progress and stock-in-trade |
(325.491) |
(302.065) |
(523.420) |
|
|
|
Employee benefit expense |
1016.302 |
900.227 |
757.790 |
|
|
|
Other expenses |
3632.762 |
3187.733 |
2718.377 |
|
|
|
Exceptional items |
0.000 |
(6.483) |
0.000 |
|
|
|
TOTAL (B) |
14829.128 |
12854.028 |
11224.714 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
1309.696 |
1516.871 |
1331.832 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
429.746 |
401.550 |
302.140 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
879.950 |
1115.321 |
1029.692 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
443.432 |
404.777 |
329.316 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
436.518 |
710.544 |
700.376 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
124.616 |
154.514 |
175.798 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
311.902 |
556.030 |
524.578 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1528.800 |
1099.694 |
696.947 |
|
|
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
|
|
Proposed Final Dividend |
59.700 |
59.700 |
59.690 |
|
|
|
Tax on Dividend |
10.100 |
9.700 |
9.683 |
|
|
|
Transfer to General Reserves |
40.000 |
57.500 |
52.458 |
|
|
BALANCE CARRIED
TO THE B/S |
1730.900 |
1528.800 |
1099.694 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
404.175 |
340.382 |
262.100 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
20.90 |
37.26 |
36.80 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
1.93 |
3.87 |
4.18 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.71 |
4.95 |
5.60 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.38 |
7.75 |
9.48 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.10 |
0.18 |
0.20 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.83 |
0.81 |
0.74 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.43 |
1.41 |
1.22 |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES OF
LONG-TERM DEBT
(Rs. In Millions)
|
Particular |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Current maturities of long-term debt |
397.704 |
356.777 |
377.965 |
|
|
|
|
|
|
Total |
397.704 |
356.777 |
377.965 |
|
Sr. No. |
Check List by Info
Agents |
Available in Report
(Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
-- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm / promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
Yes |
|
34] |
External Agency Rating, if available |
Yes |
UNSECURED LOAN
(Rs.
In Millions)
|
Particular |
As on 31.03.2013 |
As on 31.03.2012 |
|
LONG-TERM
BORROWINGS |
|
|
|
Loans and advances from related parties |
0.000 |
4.542 |
|
SHORT-TERM
BORROWINGS |
|
|
|
Rupee term loans from banks |
150.000 |
0.000 |
|
|
|
|
|
Total |
150.000 |
4.542 |
YEAR IN RETROSPECT
The year 2012-2013 was full of mixed grills across every sector of the Indian economy and had witnessed ups and downs in the socio-economic conditions of the Country. Deceleration in industrial output and exports weakened India’s economic growth significantly. The manufacturing industry has also not remained untouched by the ups and downs of the volatility in the Indian economic scenario.
Nilkamal recorded a gross turnover of Rs. 18401.500 Millions from Rs. 16280.900 Millions in the previous Financial Year. The Operating Profit of the Company stood at Rs. 1309.700 Millions as compared to Rs. 1516.800 Millions in the previous year. The plastic business has achieved a volume growth of 1% and value growth of 14%.
During the year, the Company’s retail business had 19 @home stores in 11 cities, the latest one being recently opened at Chennai. The gross turnover of @home division was Rs. 2285.800 Millions resulting into a growth of 7.35%. @home division has made a loss of Rs. 93.800 Millions as compared to loss of Rs. 55.200 Millions of the previous year.
FIXED ASSETS
Tangible Assets
· Land
· Buildings
· Plant and Equipment
· Furniture and Fixtures
· Vehicles
· Office Equipment
Intangible Assets
· Computer Software
· Models
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or with
designated parties.
3] Asset Declaration :
No exist to suggest that the property or assets of the subject are
derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction registered
against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling shareholders,
director, officer or employee of the company is a government official or a
family member or close business associate of a Government official.
9] Compensation Package :
Our market survey
revealed that the amount of compensation sought by the subject is fair and
reasonable and comparable to compensation paid to others for similar services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.92 |
|
|
1 |
Rs.99.60 |
|
Euro |
1 |
Rs.83.64 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
VRN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
7 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
59 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial condition
(40%) Ownership background
(20%) Payment record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely
sound financial base with the strongest capability for timely payment of
interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate
working capital. No caution needed for credit transaction. It has above
average (strong) capability for payment of interest and principal sums |
Large |
|
56-70 |
A |
Financial &
operational base are regarded healthy. General unfavourable factors will not
cause fatal effect. Satisfactory capability for payment of interest and
principal sums |
Fairly
Large |
|
41-55 |
Ba |
Overall operation is
considered normal. Capable to meet normal commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome
financial difficulties seems comparatively below average. |
Small |
|
11-25 |
Ca |
Adverse factors are
apparent. Repayment of interest and principal sums in default or expected to
be in default upon maturity |
Limited
with full security |
|
<10 |
C |
Absolute credit risk
exists. Caution needed to be exercised |
Credit
not recommended |
|
-- |
NB |
New
Business |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.